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LocalMind

3 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jan 16, 2021 by Lenny Rachitsky · said 7 times in 1 episodes since 2021 · across every show →

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2021 7 mentions in 1 episode

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Everything said about LocalMind, oldest first

Jan 16, 2021
Disclosure
Rachitsky's lead investor hated the Airbnb acquisition because it was all-stock
“So at the time our investors, our lead investor thought it was a terrible, terrible deal because it was all stock and the value equated to not that much in their eyes.”
Lenny Rachitsky Jan 16, 2021 ▶ 6:13 LennysNewsletter On Building 45k List, 2.5k Slack Group, Monetization Strategies and Substack Future
Jan 16, 2021 bearish
What-if
Rachitsky: LocalMind would have failed regardless because check-ins died out
“But looking back, it's not the kind of company that would have worked really. There's no real business model and check-ins kind of died away. And so it wouldn't have worked no matter what path we took, I think.”
Lenny Rachitsky Jan 16, 2021 ▶ 5:45 LennysNewsletter On Building 45k List, 2.5k Slack Group, Monetization Strategies and Substack Future
Jan 16, 2021
Disclosure
Rachitsky: LocalMind raised $600,000 total before Airbnb acquisition
“Only about 600 K total.”
Lenny Rachitsky Jan 16, 2021 ▶ 5:38 LennysNewsletter On Building 45k List, 2.5k Slack Group, Monetization Strategies and Substack Future
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